Continued Occupancy and Margin Recovery Should Drive Pebblebrook's Growth Over Next Few Quarters
Pebblebrook Hotel Trust is the largest U.S. lodging REIT focused on owning independent and boutique hotels. After Pebblebrook merged with LaSalle Hotel Properties in December 2018, the company owns 47 upper-upscale hotels, with more than 12,100 rooms located in urban gateway markets. Pebblebrook's combined portfolio has a higher revenue per available room price point and EBITDA margin than its hotel REIT peers.